Ever since the IT companies have expanded their reach and IT careers have become popular, the demand for business analysts has soared. However, there is a lack of clarity regarding roles, opportunities and growth of a business analyst. You can dig into this career path by exploring college courses, talking to industry experts or enrolling in an online analyst certification course.
Or else, you dive into its scope to get a better idea by reading further.
What do Business Analysts do?
Business analysts typically try to understand the project requirements in terms of resources, timelines and culture of the company’s clients and then provide them with optimal business solutions. They also anticipate the requirements that may surface during the project implementation or affect its outcomes because the IT industry operates in a dynamic environment. Basically, a business analyst uses their knowledge of business intelligence to act as a strong interface between the client and the organization.
Opportunities and Growth
Since IT and technology are woven intricately in any organization’s business, the career prospects for business analysts are actually great! In terms of career opportunities, business analysts start as an entry-level employee and move up the corporate ladder in senior roles as they gain more experience and skills in their roles. Initially, you may handle small and simple projects, but later, you may be given the responsibility of long-term and complex projects.
Moreover, as the name suggests, business analysts have a choice to pursue this career in two directions – in the technical or business capacity. Most of the times, the roles may overlap. However, depending on your interest, you can develop strong expertise in the technical or business side. Essentially, there is a varied range of possibilities that change from one project or company to another for business analysts. You can take on various roles such as subject matter expert, business competency manager, project manager and even chief technology officer, among a few others.
Business analysts can fetch competitive salaries because their importance in the organization can’t be underestimated. The more experienced and skilled they are, the higher salaries they can get. Further, the demand for business analysts is quite high in the multinational and global companies as well. So, the number of opportunities that business analysts can look forward to is immense.
How to Become a Business Analyst?
A formal bachelor’s or master’s degree is the base qualification you need. If you get lucky, you can straight away start as an entry-level business analyst in a company and gain experience. But, it is advisable to first enrol in an online analyst certification course to get specialized knowledge and skills that this job demands.